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From wire reports • Wednesday August 6, 2014 1:31 AM

Enlarge ImageRequest to buy this photoAP FILE PHOTOToyota’s performance in the U.S. has softened the blow from falling sales in the Japanese automaker’s home market, where the country had its first sales-tax increase in 17 years.

Toyota said its profit climbed to a record last quarter, thanks to surging SUV sales in the
U.S.

Net income in the April-to-June period rose to 587.8 billion yen ($5.7 billion), trumping the
497.3 billion yen average of analyst estimates compiled by Bloomberg News. The Japanese automaker
yesterday maintained its 1.78 trillion yen profit forecast for the fiscal year ending in March
2015.

Toyota’s performance in the U.S. market has softened the blow from falling sales in Japan after
the country’s first sales-tax increase in 17 years.

BMW

Luxury automaker Bayerische Motoren Werke reported its highest profit in three years as the X5
sport-utility vehicle won customers and demand rose in China.

Second-quarter earnings before interest and taxes at the auto unit widened to 11.7 percent of
sales from 9.6 percent a year earlier, Munich-based BMW said.

BMW is introducing 16 new or refreshed models this year to fend off efforts by Audi and the
Mercedes brand to take the global premium-car sales lead by 2020.

Coach

Coach Inc. posted a fourth-quarter profit that topped analysts’ estimates as men’s goods and
rising demand in China helped counter slumping sales of women’s bags and accessories in North
America.

Earnings excluding restructuring costs were 59 cents a share in the period that ended June 28,
New York-based Coach said in a statement, topping the 53-cent average of predictions compiled by
Bloomberg News.

Sales fell 7 percent to $1.14 billion, exceeding estimates for the first time in five
quarters.

Under pressure in its main business, the largest U.S. luxury handbag-maker has been adding men’s
leather knapsacks, sunglasses and clothing.

Coach also is producing more-sophisticated bags and refurbishing stores after losing market
share to Michael Kors, Kate Spade and Tory Burch. North American sales at Coach’s stores open at
least a year dropped 17 percent last quarter.

CVS Caremark

CVS Caremark’s second-quarter earnings jumped 11 percent to top expectations, as more specialty-
and generic-drug use boosted the drugstore chain and pharmacy-benefits manager.

CVS Caremark earned $1.25 billion, or $1.06 per share, in the quarter that ended on June 30.
That’s up from

$1.12 billion, or 91 cents per share, in the same quarter a year ago. Earnings, adjusted for
amortization costs, came to $1.13 per share, beating analysts’ estimate of $1.10 per share.

The company said revenue climbed 11 percent to $34.6 billion from $31.25 billion in the same
quarter a year ago. That also beat the average analyst expectation of $33.42 billion.

The company, based in Woonsocket, R.I., now expects 2014 adjusted earnings to range between
$4.43 and $4.51 per share, compared to its previous forecast for earnings of $4.36 to $4.50 per
share.

Walt Disney Co.

Net income rose to $2.2 billion for the quarter that ended in June, up 22 percent from a year
earlier. Diluted earnings per share reached $1.28, beating the average forecast of $1.17 by
analysts surveyed by Thomson Reuters I/B/E/S.